Interim coach Hiddink is preparing his side to take on Liverpool atAnfield in the first leg of their Champions League quarter-final onWednesday night, but even going one better than Avram Grant will not beenough to persuade him to stay in charge at Stamford Bridge.
Countdown: Guus Hiddink set to walk away from Chelsea
Ghost of Wembley in 96 back to haunt Chelsea boss HiddinkChelsea boss Hiddink ready for Newcastle to come out fighting with Shearer in chargeGrant, who replaced ousted Jose Mourinho last season, guided the Blues to the final of the Champions League but a penalty blunder by captain John Terry allowed Manchester United to win their third European crown.
Hiddink has lost just one game since he agreed to take charge of the side on a temporary basis from sacked Luiz Felipe Scolari.
The Dutchman won the European Cup with PSV Eindhoven but a repeat of the feat with Chelsea will not make him stay.
Hiddink is determined to return to his full-time job as national coach of Russia once the Barclays Premier League season is finished.
Hiddink is contracted at Stamford Bridge until the end of May and has been asked to consider a role as football consultant but that is as far as his involvement will go.
Chelsea are also in the semi-finals of the FA Cup but Hiddink insists not even a cup double will affect his future plans.
'It would be a beautiful scenario to win both cups,' said Hiddink. 'In that case I will not walk away from Stamford Bridge in my mind, but I will have to literally walk away because I have my full-hearted obligations in Russia and that is not going to change if we win those two cups.
'There is an emotional attachment with the Russian Federation and the people I work with - it would not be a good thing to leave them.'
Although Hiddink concedes reviving Chelsea's Premier League title chances are extremely slim, the Dutchman revealed he cannot wait for the forthcoming European and FA Cup challenges that remain.
'I look at the upcoming games this month and I'm excited,' he added. 'I won the European Cup in 1988 with PSV as a young manager, but it would be a dream fulfilled to win it again near the end of my career with Chelsea.
'Everyone knows that going to Anfield is like a hurricane. The atmosphere doesn't worry me, it excites me.'
Hiddink will be hoping Ivorian striker Didier Drogba will have recovered from a bizarre training ground accident in time to play against the Reds.
Drogba missed Chelsea's Barclays league trip to Newcastle on Saturday after jarring his ankle in training.
The Ivory Coast international was involved in shooting practice when he stubbed his foot into the ground.
Right-back Jose Bosingwa is also facing a race against time to be fit to face Liverpool after returning from international duty with Portugal suffering from a hamstring strain.